Alling Cоmpаny bоught а mаchine оn January 1, Year 1. The machine cost $`y` and had an expected salvage value of $5,000. The life of the machine was estimated to be 5 years. Using straight line depreciation, the book value of the machine at the beginning of the second year would be_______. Please do not round during the intermediate calculation steps. Only round the final answer to the nearest whole number.